4/17/2021 · EY audited Wirecard ’s books until the money-transfer company collapsed last year with a 1.9 billion-euro ($2.3 billion) hole in its books. The firm argues it was the victim of an elaborate fraud.
6/30/2020 · In the 21st Century, auditors still sometimes use 19th Century methods to confirm bank account balances. One former CPA set out to change to that.
6/8/2020 · Accounting firm Ernst & Young was sued over its work for Wirecard AG, just two days after Wirecard ’s headquarters were raided as part of a market manipulation probe.
12/4/2020 · German authorities opened a probe into Ernst & Young ’s audit of Wirecard AG, adding to the accounting firm’s troubles linked to the missing 1.9.
6/30/2020 · Ernst & Young GmbH, auditor to insolvent German fintech company Wirecard (WDI.DE), had questions related to unorthodox arrangements under which the company’s cash was held in bank accounts it didn’t control as far back as 2016, according to emails seen by the Wall Street Journal.
German Prosecutors Open Probe Into Ernst & Young Over …
EY failed to check Wirecard bank statements for 3 years …
Wirecard Scandal Puts Spotlight On EY Two Obvious Frauds …
German Prosecutors Open Probe Into Ernst & Young Over …
6/25/2020 · At the heart of auditing failure is a market failure. Accounting can’t be fixed until that failure is addressed.
6/27/2020 · By Patricia Kowsmann, Paul J. Davies and Juliet Chung . Ernst & Young GmbH, auditor to insolvent German fintech company Wirecard AG, had questions related to unorthodox arrangements under which the company’s cash was held in bank accounts it didn’t control as far back as 2016, according to emails seen by The Wall Street Journal.
Information on the class action lawsuit against Ernst & Young The aim of the class action lawsuit against Ernst & Young GmbH Wirtschaftsprüfungsfgesellschaft is that EY should compensate Wirecard investors (shares, derivatives, bonds) for their losses. This is because EY has always been Wirecard AG’s auditor in recent years and has certified the …
The Wirecard fraud is one of several international accounting scandals that have emerged on EY’s watch this year, including at NMC Health and Luckin Coffee. Additional reporting by Stephen …
7/6/2020 · A day after Wirecard ’s disclosure of EY’s concerns, company CEO Markus Braun resigned and a few days later was arrested. Wirecard ’s stock dropped 85 …
